Lake Area Bank

Lake Area Bank
12790 N 1st Ave
Lindstrom, MN 55045

Status: Active

1 client review

Concentration:Commercial Lending Specialization
Established:1915-10-22
FDIC Insurance:1934-01-01
FDIC Cert:#1390
Holden By:Waseca Bancshares Inc
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:5, ranked #1857
Website:www.lakeareabank.com
Total Assets:$423,224,000, ranked #1977
Total Deposits:$373,817,000, ranked #1967
Total Equity Capital:$45,025,000, ranked #1742
Total Domestic Deposits:$373,817,000, ranked #1967
Net Income:$1,968,000, ranked #2012
Quarterly Net Income:$1,492,000, ranked #1588
Return on Assets:1%, ranked #698
Quarterly Return on Assets:1%, ranked #828
Return on Equity:8%, ranked #2866
Quarterly Return on Equity:13%, ranked #1631

Financial Information (2022-06-30 and Older)